Dart Container Buying Red Cup Maker Solo

Solo Cup Co., the maker of the ubiquitous red plastic cups found at frat parties and backyard BBQs, is being sold to Dart Container Corp. for about $315 million along with $700 million in debt.

Dart, which makes food-service containers and is best known for making foam cups for hot beverages, is adding the plastic party-cup to its arsenal of disposable products. The Mason, Mich., company said it would continue using the Solo brand...